MBA: Homebuyer Affordability Decreased in January
The average monthly mortgage payment applied for by purchase applicants increased to $2,205 in January, up from $2,127 in December, indicating that home purchases...
Pending Home Sales Dropped for a Second Month in January
Pending home sales fell 4.6% in January compared with December and were down 5.2% compared with January 2024, according to the National Association of...
New Home Sales Dropped in January as Builder Pessimism Took Hold
New home sales plummeted 10.5% in January compared with December to reach a seasonally adjusted annual rate of 657,000, according to the U.S. Census...
Case-Shiller: U.S. Home Prices Went Negative in December on an Unadjusted Basis
U.S. home prices increased 0.5% on an adjusted basis in December compared with November and were up 3.9% compared with December 2023, according to...
Redfin: Average Down Payment on a Home Has Increased 7.5 Percent During the Past...
The typical U.S. homebuyer’s down payment was equal to 16.3% of the purchase price in December, up from 15% a year earlier, according to...
Home Price Growth Slowed in January With Existing Homeowners Playing ‘Housing Musical Chairs’
U.S. home prices increased 0.1% in January compared the December and were up 3.3% compared with January 2024, according to First American’s House Price...
NAR: Existing-Home Sales Dropped During January But Were Up Year-Over-Year
Existing-home sales fell to a seasonally adjusted annual rate of 4.08 million in January, down 4.9% compared with December but up 2.0% compared with...
Applications for New Home Purchases Surged in January
Applications for mortgages for new home purchases jumped 19% in January compared with December but were down 6% compared with January 2024, according to...
Title Clearing & Escrow Hires Julieann Thornsberry as Business Development Manager
Julieann Thornsberry has joined Title Clearing & Escrow, a provider of title services for the real estate industry, as business development manager.
Thornsberry has more...
Housing Starts Dropped Nearly 10 Percent in January
Housing starts dropped 9.8% in January compared with December as builders reacted to mortgage rates nearing 7% and the looming possibility of tariffs that...
Rocket Mortgage Unveils New Program That Provides Closing Cost Credits for Rent Payments
Rocket Mortgage has introduced RocketRentRewards, a new program that provides closing cost credits for renters.
With a Rocket mortgage, homebuyers earn 10% back on the...
Home Builder Sentiment Plummeted in February Over Concerns on Tariffs
Builder confidence in the housing market fell sharply in February over concerns on tariffs, elevated mortgage rates and high housing costs.
As a result, the...
NAHB to Trump: Tariffs on Imported Steel, Aluminum Will Drive Up Construction Costs
President Trump’s executive order imposing 25% tariffs on all imported steel and aluminum products is widely expected to raise residential construction costs, according to...
Active and New Home Listings Increased in January, But Potential Buyers Aren’t Biting
Active listings of homes for sale increased in January to the highest level since early in the pandemic, Redfin reports.
They climbed 0.3% month-over-month on...
More Home Sellers Cutting Prices as Inventory Rises
Nearly 23% of home sellers cut their home's list price in January, according to Zillow.
That’s the highest share of any January since Zillow began...
NAR: Home Price Growth Picked Up Steam Again in Q4
The national median single-family existing-home price was $410,100 as of the end of the fourth quarter, an increase of 4.8% compared with the fourth...
Texas Led the Way on New Home Construction in 2024
Texas had the most new home construction in 2024, accounting for 15% of housing permits in the U.S., according to a report from Realtor.com.
"The state...
Consumers Had Slightly More Optimistic View of the Housing Market in January
Consumer sentiment toward the housing market increased slightly in January compared with December, driven mainly by an increase in the number of consumers who...
Bad News for Homebuyers as U.S. Job Market Stays Strong in January
The U.S. economy added about 143,000 jobs in January, according to the Bureau of Labor Statistics - and while that is less than the...
CoreLogic: Home Prices Flat in December as More Inventory Comes Online
U.S. home prices were basically flat in December compared with November but up 3.4% compared with December 2023, according to CoreLogic’s home price index.
The...